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Author Archives: admin

Estonia: EUR 16 million needed to repair border security gaps

EstoniaBy admin2022-01-28Leave a comment

It will take at least two years and EUR 16 million to fix the security gaps along the Narva River, the Police and Boarder Guard Board (PPA) has said. Part of the Estonian-Russian border runs along the Narva River and there is a lack of surveillance equipment and border guards cannot react quickly enough to…

Ukraine: ambassador warns of energy risk to Asia if Russia attacks

UkraineBy admin2022-01-28Leave a comment

Asian countries will experience the energy crisis that may arise in Europe as a result of possible Russia’s invasion of Ukraine. “When you have an energy crisis in Europe, that means we have an energy crisis in Asia simultaneously. Because if Europe feels the necessity to buy more gas, they go to Qatar and they…

Ukraine: banks provide UAH 7.35B of loans under state guarantees

UkraineBy admin2022-01-27Leave a comment

As of January 1, 11 banks provided loans for a total sum of UAH 7.35 billion under state guarantees on a portfolio basis, the Finance Ministry’s press service reported. “As part of the support for micro-, small- and medium-sized businesses in Ukraine through the instrument of state guarantees on a portfolio basis, as of January…

Latvia: increased threats cause rise of military expenditures

LatviaBy admin2022-01-27Leave a comment

With increased threats to state security, it will be necessary to allocate an additional EUR 350 million towards defense, said Latvian Minister of Artis Pabriks. According to him, the Ministry of Defense has compiled of list of need it would like satisfied and plans the ministry would like to see executed more quickly. The minister…

Georgia: 37.16 billion GEL deposited in December 2021

GeorgiaBy admin2022-01-27Leave a comment

Commercial banks in Georgia loaned 43.03 billion GEL and received deposits of 37.16 billion GEL in December 2021, the National Bank of Georgia (NBG) said. The volume of loans increased by 1.63 billion GEL (+3.93%) YoY. The number of deposits increased by 1.42 billion GEL (+3.96%) MoM. In December 2021, the sum of term deposits…

Estonia: electricity price down on January 26, 2022

EstoniaBy admin2022-01-27Leave a comment

The average price of Estonia’s electricity in the Nord Pool area on January 26 was EUR 165.10 per megawatt-hour – over EUR 100 more than on the same day a year ago. Electricity was the cheapest in the morning between 3 a.m. and 4 a.m. costing EUR 88.65 and the most expensive between 9 a.m.…

Lithuania: inflation to peak in February 2022

LithuaniaBy admin2022-01-27Leave a comment

Lithuania reported inflation of 11% at the end of last year. However, the peak is yet to come, as prices are expected to increase further in February, according to the SEB bank economist Tadas Povilauskas. In 2021, the average annual inflation was 4.5%. This year, it should reach 7.2%, decreasing to 1.8% in 2023, SEB…

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